Archive for February, 2013

How to Track your Refund

Posted on: 28 Feb, 2013

  About “Where’s My Refund?” What information is Available on Where’s My Refund? Refund information for the most current tax year that you filed will generally be available 72 hours after we acknowledge receipt of your e-filed return, or three to four weeks after you mail your paper return. What information is Not Available on Where’s My Refund? •Amended Tax…read more →

Think Employment Law Doesn’t Apply to You? Think Again

Posted on: 21 Feb, 2013

EVIL HR LADY | Suzanne Lucas Feb 4, 2013Think Employment Law Doesn’t Apply to You? Think Again Even small businesses may find themselves subject to employment laws designed to cover big firms. So know the law. Quick quiz: You have 35 employees. One of your junior analysts is pregnant. Do you have to allow her to take 12 weeks off…read more →

What Medical Expenses Are Tax Deductible?

Posted on: 14 Feb, 2013

What Are Medical Expenses? Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for…read more →

Independent Contractor (Self-Employed) or Employee Test?

Posted on: 7 Feb, 2013

Independent Contractor (Self-Employed) or Employee? It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments…read more →

IRS To Accept Returns Claiming Education Credits by Mid-February

Posted on: 4 Feb, 2013

IRS To Accept Returns Claiming Education Credits by Mid-February IR-2013-10, Jan. 28, 2013 WASHINGTON — As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service announced today that processing of tax returns claiming education credits will begin by the middle of February. Taxpayers using Form 8863, Education Credits, can begin…read more →